Prudential Risk & Credit Risk
Prudential Risk and Credit Risk are both specialised areas of Risk Management within Financial Services. Where Credit Risk professionals manage risks related to lending, ensuring the organisation is only providing loans to customers who will be able to repay them, Prudential Risk centres on the mitigation of risks that threaten a firm’s financial stability. These are closely linked types of risk, and in smaller organisations the same person will frequently hold responsibility for oversight of both.
A Building Society contacted Kind Consultancy looking to recruit a permanent Risk Manager who would be predominantly responsible for Prudential Risk and Credit Risk Management.
The client wanted to run the search as a retained project, because they had worked with Kind Consultancy on multiple retained projects for senior and specialist positions in the past and Kind had been successful in all of these previous assignments.
The Kind Consultancy team began by running a market mapping exercise, identifying passive candidates who were promising headhunting targets as well as looking at available active candidates who were a good fit and had proven expertise in both Prudential Risk and Credit Risk.
Utilising a combination of these methodologies, Kind built, pre-screened and interviewed a longlist of candidates, using their own initial interviews to narrow down the shortlist to 6 which was then submitted to the client, ensuring that all candidates shortlisted were a good fit for the role in skills and expertise and a good fit for the organisation in terms of culture and long-term career goals.
The Building Society interviewed 3 of the shortlisted Prudential Risk & Credit Risk candidates in-person and after the final interview, immediately selected one to hire. The client reported they were once again very happy with the retained search service and would continue to use Kind on a retained basis whenever a permanent recruitment need arises.
